Wednesday, March 11, 2015

Why Don’t Americans Have More Saved For Retirement?

Eduardo Porter has a piece in The New York Times blaming Wall Street for the fact that the average American is allegedly going to run out of money in retirement. According to Porter, the average working family nearing retirement has just $104,000 in retirement savings—obviously not enough to keep someone afloat for twenty or thirty years.

I’m not convinced that we are in fact facing a “retirement crisis.” But I want to set that aside. What’s interesting is who Porter blames for this problem.

from Ayn Rand Institute - Blog

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